Searches And Hires
The plan last conducted a search for services in 2018.
The pension fund is seeking one or more private equity secondaries products diversified by underlying fund strategy and geographic focus.
The selected firm will manage a private equity portfolio totaling $400 million over five years.
The pension plan opted to extend its general investment consultant contract for one year while it searches for a new executive director and cio.
The plan’s micro-cap manager will now manage small-cap mandates.
The retirement plan expects to issue a consultant RFP on Friday pending approval at this week’s board meeting.
The plan will interview finalists in November.
The pension plan hired a multi-strategy manager and diversified fund-of-funds manager to evenly split its 2% target allocation to private credit this week.
The pension plan has issued a general investment consultant RFP due to an upcoming contract expiration and will launch an active domestic large-cap value equity manager search as part of a portfolio structure review.
The hire concludes a search launched in July due to incumbent Innovest Portfolio Solutions’ upcoming contract expiration.
